Press Release Source: White Pine Resources Inc. Jan 19,2009.
posted on
Jan 19, 2009 12:41PM
Aggressive program in a highly prospective portion of the "Ring of Fire" mineralized zone.
Press Release Source: White Pine Resources Inc.
TORONTO, ONTARIO--(Marketwire - Jan. 19, 2009) - White Pine Resources Inc. (TSX VENTURE:WPR - News; "WPR"), Metalex Ventures Ltd. (TSX VENTURE:MTX - News; "Metalex"), and Arctic Star Resources Inc.'s (TSX VENTURE:ADD - News; "Arctic Star") Joint Venture Project along the Ring of Fire, 45 kilometers North of Noront Resources Limited's ("Noront") Eagle One Deposit has encountered additional Volcanic Derived Sulphides (VDS) mineralization on its 5.01 discovery, James Bay, Ontario. The property consisting of 160 acres is under option by WPR, whereby WPR can earn up to a 50% interest in the property (WPR has earned 25% to date). Within the option agreement covering approximately 21,400 hectares, there are numerous other high priority targets.
To date, on the 501 discovery, 42 holes (1-41 and 43) have been completed totaling 10,786 meters. The high grade Zn-Cu-Pb-Ag mineralized zone has been delineated over a north-south strike length of 200m and to a vertical depth of 275m from surface. The zone dips steeply at 75 degrees to the east and appears to have a steep 65 degree plunge to the south. Horizontal widths of the high grade zone can reach up to 22m.
The following table summarizes the recent drilling on 5.01 on holes 16-43 with significant mineralized intervals:
Hole From To Length Cu Pb Zn Ag (m) (m) (m) % % % g/t 5.01-16 67.0 77.0 10.0 0.33 0.14 1.79 6.8 79.0 120.0 41.0 0.59 0.00 0.10 5.2 167.4 186.7 19.3 0.10 1.85 10.02 41.5 including 167.4 171.8 4.4 0.12 2.79 19.32 63.1 5.01-17 186.2 188.2 2.0 0.58 0.00 2.37 3.4 5.01-19 82.8 93.8 11.0 0.47 0.16 4.54 7.8 120.8 128.8 8.0 0.11 0.04 3.62 9.0 5.01-20 73.7 84.1 10.4 0.24 0.15 6.65 3.9 103.0 124.8 21.8 0.10 0.30 1.29 17.3 195.5 209 13.5 0.13 0.01 1.28 5.4 5.01-21 57.4 89.0 31.6 0.64 0.10 3.70 7.9 incl 57.4 76.0 18.6 0.75 0.17 5.11 9.9 5.01-22 236.5 283.4 46.9 0.19 0.00 1.00 1.9 5.01-24 179.9 187.2 7.3 0.39 0.14 4.46 9.3 5.01-25 270.7 274.3 3.6 0.17 0.00 4.56 1.8 5.01-26 90.0 97.5 7.5 0.08 0.07 4.92 5.4 5.01-28 24.0 31.7 7.7 0.62 0.01 0.22 4.7 5.01-29 127.4 148.1 20.7 0.22 0.19 6.35 9.5 5.01-30 94.9 111.5 16.6 0.50 0.07 2.77 10.2 incl 94.9 98.6 3.7 0.33 0.22 6.85 8.6 5.01-31 127.5 135.0 7.5 0.18 0.04 1.90 6.2 5.01-32 204.3 246.5 42.2 0.52 0.02 3.12 6.3 incl 204.3 230.5 26.2 0.26 0.03 4.65 4.6 5.01-33 165.8 172.1 6.3 0.14 0.03 3.60 3.6 205.3 218.3 13.0 0.04 0.04 1.21 3.3 5.01-35 268.3 285.4 17.1 0.46 0.00 1.55 8.9 5.01-37 240.9 245.7 4.8 0.47 0.01 5.97 4.43 The widths given above are core widths only and do not represent true widths which cannot be determined at this time.
The following table contains the grid and UTM locations along with collar information for holes 16-41 and 43. Please review the collar table in the press release dated Sept 9, 2008 for collar locations on holes 1-25.
------------------------------------------------------------------------- Hole No. Local E Local N UTM e UTM n Azimuth Dip Length ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- DDH501-26 L1+80E 0+50N 522396 5901526 270 -49 198 ------------------------------------------------------------------------- DDH501-27 L1+80E 0+50N 522396 5901526 270 -77 163.5 ------------------------------------------------------------------------- DDH501-28 L1+37E 0+25N 522348 5901500 270 -45 108 ------------------------------------------------------------------------- DDH501-29 L2+35E 0+00 522433 5901475 270 -65 201 ------------------------------------------------------------------------- DDH501-30 L1+87E 0+50S 522399 5901425 270 -47 279 ------------------------------------------------------------------------- DDH501-31 L1+87E 0+50S 522399 5901425 270 -69 306 ------------------------------------------------------------------------- DDH501-32 L1+87E 0+50S 522399 5901425 270 -84 267 ------------------------------------------------------------------------- DDH501-33 L2+50E 0+75S 522460 5901400 270 -45 291 ------------------------------------------------------------------------- DDH501-34 L2+50E 0+75S 522460 5901400 270 -61 324 ------------------------------------------------------------------------- DDH501-35 L2+50E 0+75S 522460 5901400 270 -72 303 ------------------------------------------------------------------------- DDH501-36 L2+40E 1+25S 522456 5901344 270 -45 219 ------------------------------------------------------------------------- DDH501-37 L2+40E 1+25S 522456 5901344 270 -62 297 ------------------------------------------------------------------------- DDH501-38 L2+40E 1+25S 522456 5901344 270 -78 393 ------------------------------------------------------------------------- DDH501-39 L2+90E 1+75S 522510 5901300 270 -45 414 ------------------------------------------------------------------------- DDH501-40 L2+90E 1+75S 522510 5901300 270 -55 300 ------------------------------------------------------------------------- DDH501-41 L2+90E 1+75S 522510 5901300 270 -65 441 ------------------------------------------------------------------------- DDH501-43 L4+80E 0+25N 522690 5901500 270 -50 591 -------------------------------------------------------------------------
The 5.01 Project is managed by WPR for the Joint Venture partners under supervision of Mike Kilbourne, P.Geo, President, White Pine Resources Inc. Metalex Ventures remains the operator. Mr. Kilbourne prepared this release and states:
"We are pleased with the results of the second phase of drilling. We had a very favourable hit to miss ratio as the new interpretation of the geometry of the zone proved to be correct. We also intersected and interpreted geological units, mineralogical patterns and alteration minerals all indicative of world class VMS deposits. Further work will include some deep penetrating geophysical surveys to aid in defining additional drill targets as the zone remains open at depth."